CapitaLand Commercial Trust issues 1.8 million new units to manager

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Singapore-listed office REIT, CapitaLand Commercial Trust, announced on 27 March that it has issued 1,892,228 new units to its manager at an issue price of SGD1.4813 each.

The units have been issued as payment of management fee for the period spanning 1 January to 31 December 2016.

The issue price has been determined based on the ten-day volume weighted average price from 16 December 2016 to 31 December 2016.

With the issue, the REIT’s manager now holds an aggregate of 131,957,274 units.

As a result, the total number of REIT units in issue has increased by 0.06% to 2,969,040,247.

CapitaLand Commercial Trust finished the trading day about 0.2% lower from its previous close on the Singapore Exchange to end at SGD1.95.

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Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

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